Nikola Results Presentation Deck

04 2023 OUTLOOK In Thousands Except Deliveries and Gross Margin Total truck deliveries Revenue Gross margin Research and development (1) Selling, general, and administrative (2) Stock-based compensation (3) Capital Expenditures 1. Includes estimated stock-based compensation for 04'23 of $7.0m 2. Includes estimated stock-based compensation for 04'23 of $7.8m 3. Total estimated stock-based compensation for 04'23 of $15.5m includes $700k for Cost of revenues Low 30 04 2023 Range $11,250 -215% $42,500 $40,000 $15,500 $35,000 High 50 $18,750 -135% $47,500 $45,000 11 NIKOLA

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